Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Blackstone names senior Anchorage official as head of Asia Pacific origination
Blackstone Credit has hired a senior official from Anchorage to work lead Asia Pacific origination out of Sydney 

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Mid market CLO league tables: diamonds are for 2019 and BCRED is for now
Middle market CLO issuance is off to a fast pace in 2022 as a busy February welcomed three new issue CLOs and three resets – adding $3.8 billion to this year’s tally of $4.39 billion

Blackstone prints largest CLO in $1.1 billion mid-market deal
Blackstone Credit has produced the fourth US CLO under the BCRED shelf with the firm pricing a $1.09 billion middle market CLO on Thursday

Credit funds at a glance (February 2022)
A round up of fundraising and people moves in credit

Blackstone secures $8.75 billion for lending fund
Blackstone Credit has collected $8.75 billion on the final close of its latest credit opportunities fund, Blackstone Capital Opportunities Fund IV, above its $7.5 billion target

Mid market CLO league tables: deal record breaks as Wells Fargo gains new issue lead
The mid market CLO space had a record-breaking month in November on three counts

Blackstone Credit names tech investing head
Blackstone Credit has promoted a New York-based official as its global head of technology investing

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

New York pension favours credit as it pumps $1.1 billion into tech, loans and distressed
New York State Common Retirement Fund has splurged over $1 billion in credit, topping allocations it made in equities and real estate

CLO refi and reset volumes surge with $2.3 billion priced on Friday
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

Blackstone cuts spreads on post-reinvestment mid market CLO
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment

Credit fundraising: January proves anything but dry for manager inflows
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch

Blackstone raises $1.1 billion for mezz and $1.7 billion for direct lending
The New York-based manager had a strong final quarter of 2020, adding $13.1 billion in credit assets under management in the quarter

Blackstone amasses $1.8 billion investable capital for inaugural non-traded BDC
Blackstone says it has raised $814 million for its 7 January public offering of its non-traded businesses development company, Blackstone Private Credit Fund

They said it: "It’s been a tale of the haves and the have nots"
At Creditflux’s US Private Credit event, binary outcomes in direct lending were discussed

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close